Fed Governor Stephen Miran Plans to Stay On Until Successor Is Confirmed

Federal Reserve Governor Stephen Miran said he intends to remain on the Fed Board past the end of his current term (January 31, 2026) until a replacement is officially confirmed by the Senate. This is permitted under U.S. law, which allows governors to serve past their term expiration until a successor qualifies.

Miran made this announcement during a television appearance, confirming that he expects to remain in his seat as long as it takes for the Senate to approve whoever is nominated next.

Why This Matters

The move ensures continuity on the Fed Board during a delicate transition period — especially as a new Fed chair is expected to be nominated in 2026.

Miran’s extended presence means his views (which have been more doveish on interest rates) could continue to influence policy debates until his replacement is in place.

Context

By law, a Fed governor can serve beyond a term expiration until a successor is confirmed and qualified. This prevents gaps on the Board that could disrupt monetary policymaking.